653 Lipton Street

Property Overview: 653 Lipton Street, Winnipeg

Key Characteristics & Appeal

This one-and-three-quarter storey home in Daniel McIntyre is a classic Winnipeg character property, built in 1914. With 1,170 sqft of living space, it offers a practical footprint that is very typical for its immediate street and neighborhood, making it a comfortable and familiar size for the area. A key modern update is its renovated basement, adding functional living space. The property includes a detached garage and sits on a 2,348 sqft lot.

The appeal here is multifaceted. For buyers seeking a home with historic charm in a central neighborhood, it presents a solid opportunity. The renovated basement is a significant practical advantage, offering immediate utility without the need for a major project. The data reveals an interesting perspective: while the home's size is average for Daniel McIntyre, its assessed value ranks in the top 9% for the neighborhood. This suggests it may offer above-average finishes, condition, or desirability within this specific market, potentially representing good value relative to its immediate peers. It would suit a first-time buyer, an investor, or someone looking to downsize into a manageable, character-filled home with one major renovation already completed. The detached garage is a notable asset for storage or workshop space in an inner-city area.

Frequently Asked Questions

1. How does the assessed value compare to likely market price?
The assessed value is $26.40k, which is a provincial valuation for tax purposes. It is not the market price. The last recorded sale was in July 2020 for $26.50k. Current market value would be determined by recent sales of comparable homes and present market conditions.

2. What does the "top 9% neighborhood assessed value rank" mean?
This means that, within Daniel McIntyre, this home's official assessed value is higher than 91% of comparable properties. This often correlates with above-average updates, condition, or lot desirability compared to other homes in the same area.

3. Is the lot size a limitation?
At 2,348 sqft, the lot is below average for both the street and the city overall. This means smaller outdoor space but also less maintenance. It's typical for the dense, central character of the Daniel McIntyre neighborhood.

4. What are the implications of the home's age?
Built in 1914, the home will have classic character but may also come with maintenance considerations typical of older houses, such as original wiring or plumbing needing updates. The renovated basement is a positive sign of recent investment.

5. How does this home fit within its immediate area?
The home is very typical for Lipton Street in terms of size and era. Its above-average assessment for the wider neighborhood suggests it may be one of the more updated or well-positioned homes on the block, offering a balance of street-level character and relative modern value.